How many bank accounts do you have and for what purposes?

[raghavx]

I hold following bank accounts

1. ICICI Bank (Savings) - For salary crediting and investments
2. IDFC First Bank (Savings) - for savings purposes, it gives good rate of interest.
3. DBS - Idk why I am still holding this.
4. Paytm Payments Bank - Had opened it long back, not sure why I am holding this too.
5. Fi.money - For day to day transactions as my primary savings account would get cluttered with few hundred rupees transactions.
6. Jupiter - Had opened alongside with Fi, thinking to close this.

 

[kjs]

@kjs + Top-up UPI lite, for small UPI transaction, and keep saving account less cluttered !!

yes thats the bare minimum I do .. balance less than 500 , top up 1000

 

[kjs]

Wonderful thought process, for few minutes, it seems am reading something my type... Simple easy to go setup...
I would suggest keep BOB/SBI for the usage, as you mentioned in above post ☝️

Issue with SBI / BOB what I have observed with my usage as below

Personally BOB has app down time issues , also the way to fetch yearly statements from app and app is not so user friendly and transactional messages are always delayed.
SBi is overall good , but yes there are lot of delays in transactional messages , these days I don't even receive it 5/10 times. also heard of server issues which affected UPI transactions.
hence I thought to move to a reliable pvt bank that can mitigate above issues if not completely at least it should be rare. Other PSU banks have similar issues when used with UPI read a few posts in the forum.

 

[nikhilv0303]

Yes .. Much more important things in life , rather than cashback and offers... Better to invest time in such a way that can yield 5x , 10 x return than what cashback and offers can give and avoid complications in life.. Just my personal preference .. everyone has their way of thinking.

Absolutely ! !

 

[hender]

Yes .. Much more important things in life , rather than cashback and offers... Better to invest time in such a way that can yield 5x , 10 x return than what cashback and offers can give and avoid complications in life.. Just my personal preference .. everyone has their way of thinking.

Your Thought process is exactly in sync with mine, (although am very lazy too 😁)

Issue with SBI / BOB what I have observed with my usage as below

Personally BOB has app down time issues , also the way to fetch yearly statements from app and app is not so user friendly and transactional messages are always delayed.
SBi is overall good , but yes there are lot of delays in transactional messages , these days I don't even receive it 5/10 times. also heard of server issues which affected UPI transactions.
hence I thought to move to a reliable pvt bank that can mitigate above issues if not completely at least it should be rare. Other PSU banks have similar issues when used with UPI read a few posts in the forum.

Are you not using BHIM !!

yes thats the bare minimum I do .. balance less than 500 , top up 1000

Check your UPI app for exact per transaction and total lite wallet limit/per day , it supports. Limit got revised upward recently.

 

[kjs]

Your Thought process is exactly in sync with mine, (although am very lazy too 😁)


Are you not using BHIM !!

Check your UPI app for exact per transaction and total lite wallet limit/per day , it supports. Limit got revised upward recently.

Check your UPI app for exact per transaction and total lite wallet limit/per day , it supports. Limit got revised upward recently. - yes .. But i have set that limit as specified above. also not all my transactions will be UPI transactions.
I use Gpay. BHIM i am stuck with closed bank account upi lite wallet still active .. so no support from BHIM or bank to close that UPI lite wallet hence using gpay.

 

[John Since]

o no support from BHIM

Drop a mail to bhim support and dm them on X as well. I got my UPI lite issue resolved within a week with them.